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Tuesday, February 3, 2009

Wells Fargo: We get bailed out-we go to Vegas

[caption id="attachment_1256" align="aligncenter" width="500" caption="Maybe I over exaggerated this a bit too much...."][/caption]

Wells Fargo, which just received a $25 billion bailout of our taxpaying money is planning a "junket" in Las Vegas later starting Friday, Feb. 6th. The bank, booked 12 nights at (probably one of the most expensive hotels) the Wynn, as well as it's sister hotel the Encore.

Wells Fargo claims that these conferences are a tradition, and the prior ones that took place included perks like all-expense-paid helicopter rides, wine tasting, horse riding, and even a private Jimmy Buffett concert that took place in the Bahamas for more 1,000 employees and guests.

While other banks have cut back employee perks, like Bank of America whom canceled their employee recognition outings, Wells Fargo will not.

Wells Fargo spokeswoman Melissa Murray said " “Recognition events are still part of our culture, it’s really important that our team members are still valued and recognized."

Boy this sounds familiar, didn't AIG do something similar? I seem to recall their corporation giving all their executives bonuses as well as spa treatments. I find it asinine that these corporations can get bailout money from us taxpayers and still continue on their "traditions." Congress, the House or the Senate need to get off their asses RIGHT NOW and do something about this. We've been bailing out major corporations now going on 3 months, and we're seeing this same bullshit occur over and over.

If this shit keeps up, I think we're going to need to give our country a new slogan:

America: Fucking over the taxpayers, one bailout at a time!"

EDIT:Well it appears after facing major criticism from everybody, they decided to reverse their decision on this situation, therefore everything above is irrelevant.

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About Me

Mitalis.com is a blog focused around my personal endeavors and things I find interesting worth posting and talking about.
This blog is mainly a hobby of mine, and some of the posts or topics you see here on Mitalis.com are things that I feel are important enough for people whom share my interests.
A perfect example:
Dealing with copy protection on video games. As a gamer, I think DRM is one of the worst things any publisher can ever tack on to their games. The only thing DRM does is punish those whom purchase their products legitimately.
Where as some of my other posts, (mostly the video posts) are things I found on the internet that I find humorous.